1787 Madison Avenue


No Income Restrictions and the building qualifies for The Eagle program through First Republic a 30 year fixed at a low rate of 3.28% and $7,000 towards closing cost Sunny Western facing 2BD 2 BA home comes with a master bedroom with a Customized walk-in closet featuring sizable double hanging space and drawers for your smaller items, as well as an ensuite bathroom. The spacious second bedroom also has ample closet space. The kitchen is open to your dining/living space. While cooking enjoy speaking with your guests or working at your countertop. The home is well equipped with through-wall air conditioning. The building features a welcoming lobby w/24-hour attendant and live-in Superintendent, a newly renovated fitness room with Peloton bikes, and landscaped courtyard with Barbeque Grill. The newly renovated courtyard can be rented for private events. There is a shared book library, community garden, children's play area, and local volunteering and donation activities organized through the building's members and committees. There is a large new laundry room with oversized machines and a storage and bike room available for an additional fee. Newly placed City Bikes are available on the corner of 118th Street and Madison Avenue. Steps from Marcus Garvey Park, Central Park, and the new retail stores and restaurants along the corridor of Lenox Avenue make this the perfect location. It is a short walk to Whole Foods on 125th & Lenox and a short distance from either 116th & Lenox (#2/3 Train) or 116 & Lexington (#6 Train), subway lines to midtown. There is a Flip tax of 1% of the gross sales if you sell after 3 years or a 3 percent flip tax if you sell before 3 years paid by the seller. Must be a primary residence no pied-a-terre allowed, and Subletting allowed 2 out of 4 years. Pet friendly. 90% financing permitted with approved lenders. Maintenance is 32% tax-deductible and 421A abatement in effect until 2028.
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Property Information
  • $650,000
  • 2
  • 2
  • 9
  • Pets Allowed
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1787 Madison Avenue
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